The new SierraLink-Hotspot FX adaptor enables banks, hedge funds and other financial institutions to incorporate Hotspot FXi transactions into FNXâs solutions for consolidation, risk management, and post-trade reporting. It provides FNXâs customers with a consolidated view of FX trades executed across different execution engines for more efficient position monitoring and management.
The new link between FNX and Hotspot FX systems provides FNX customers with more accurate, real-time FX monitoring capabilities by integrating Hotspot FXiâs real-time, executable multibank market data into its solutions. FNXâs solutions, Sierra and Aspen Hedge, are connected to Hotspot FXi through SierraLink, FNXâs sophisticated, fault-tolerant, high-throughput, event-driven middleware platform. SierraLink allows seamless integration of any or all components of FNX solutions with third party and in-house legacy systems, facilitating straight-through processing (STP).
"Today more than ever connectivity has become a critical aspect of the trading cycle of our clients", said Andrew Vickers, Chief Technology Officer, FNX Limited. "Our partnership with Hotspot FX and the availability of this new adaptor is a step further to our continued commitment to offer the processing and trading transparency our clients require to run a more efficient operation. With a flexible tool such as SierraLink, we have been able to connect FNX solutions seamlessly to the leading foreign exchange prime brokers, liquidity providers and execution engines like Hotspot FXi."
"Our clients are increasingly trading FX in conjunction with other asset classes, therefore our link to FNXâs middle-office products provides important benefits in terms of a consolidated, risk management and reporting solution," said R. Keith Lite, Director of Business Development, Hotspot FX, Inc. "In recent months, we have enabled clients to access our live FX marketplace via leading equities, futures, and algorithmic trading and order management systems. Underpinning this infrastructure with FNXâs suite of middle-office solutions is a natural next step."